New strategy and CEO for McStone

McCarthy & Stone has announced its business transformation strategy in response to the challenging environment it is facing, and the appointment of John Tonkiss as the company’s new Chief Executive. As part of the new strategy, the retirement housebuilder has also announced a new long-term vision for the business outlining the steps it will take

Continue Reading

Bovis and McStone report mixed fortunes

Bovis Homes and McCarthy & Stone reported to the city this month, with Bovis reporting a “strong” half year performance and controlled volume growth, and McStone reflecting on a “tough” financial year. During its half year to June 30 2018, Bovis’ pre-tax profit improved by 41% to £60.2 million against H1 2017, “ahead of expectations”.

Continue Reading

Housebuilder Awards Finalists

The finalists of The Housebuilder Awards 2018 have been revealed with Crest Nicholson and McCarthy & Stone standing out. Crest Nicholson has a total of five finalists in five categories, including in Best Regeneration Initiative, Best Community and both categories of Best Design. McCarthy & Stone features four times in three categories – Best Marketing,

Continue Reading

McCarthy & Stone announces promotions to support growth

Retirement housebuilder McCarthy & Stone has appointed John Tonkiss as the group’s chief operating officer, effective immediately. McCarthy & Stone said it had created the role to help drive the group’s growth strategy to build and sell more than 3,000 retirement homes a year by 2019. In his new post, Tonkiss – the group’s national

Continue Reading

Strong growth for Crest and McCarthy & Stone

Crest Nicholson and McCarthy & Stone have both reported strong growth during their respective financial years. Crest is set to report revenues for the year of around £1 billion. The housebuilder said that its anticipated revenue level was in line with its stated target “and a landmark achievement for the business”. Issuing a trading update

Continue Reading

Legal completions up 19% for McCarthy & Stone

McCarthy & Stone saw its legal completions rise 19% in its half year to February 29 2016, against the equivalent period last year, it announced last week. The retirement housebuilder, which entered the FTSE 250 last month, achieved legal completions on 923 units in the six month period, with revenue growing to £250.2 million, up

Continue Reading

19% rise in completions for McCarthy & Stone

McCarthy & Stone’s legal completions have risen 19% to 923 units during its half year against the equivalent period last year. During the six months ending 29th February 2016, the retirement housebuilder’s revenue increased 32% to £250 million, with its net average selling price lifting 12% to £253,000. McCarthy & Stone have said these figures

Continue Reading

Housebuilder of the Year is Crest

At the 2015 Housebuilder Awards on 5th November Crest Nicholson was crowned large Housebuilder of the Year for the second year running. A2Dominion won medium sized Housebuilder of the Year, while small Housebuilder of the Year was handed to Larkfleet. Comedian Tim Vine hosted the awards, in which Barratt scooped the Sustainable housebuilder of the

Continue Reading

McCarthy & Stone to float on the London Stock Exchange!

McCarthy & Stone have announced their intention to float on the London Stock Exchange. The retirement housebuilder intends to raise £70 million from an initial public offering (IPO) to further invest in land and build, allowing the group to “move to the next stage” of its development. McCarthy & Stone currently enjoys a 70% share

Continue Reading

McCarthy and Stone ups land and build investment

McCarthy & Stone have reported another year of strong growth and have increased their investment target for land and build. Reporting on its financial year ending August 31 2015, the retirement housebuilder saw their pre-tax profit rise 40% to £88.4 million against the equivalent period last year. Their revenue grew 25% to £485.7 million. The

Continue Reading